24H Volume

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Fcoin Exchange

4 from 1 vote
Decentralized

Fees

Taker fee

0.1%

Maker fee

0.1%

Withdrawal fee

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Fcoin Exchange Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Fcoin Exchange consists of four parts: general information, fees, deposit methods and security.

General Information

Fcoin Exchange is yet another decentralized exchange. It launched in May 2018 and has really received a lot of traction since then. At the date of writing this review (24 October 2018), Fcoin Exchange had a reported 24 hour trading volume of USD 193 million. This is a very good trading volume. On the date hereof, it placed Fcoin Exchange on place no. 16 in the list of the exchanges in the world with the highest reported 24 hour trading volumes. Wow!

Decentralized exchanges are becoming increasingly more popular. You have probably heard of at least one of the following exchanges that are all decentralized exchanges: Mercatox, EtherDelta, Bibox, Bitshares Asset Exchange, Waves DEX, Bancor Network, OpenLedger DEX, CryptoBridge DEX, Stellar DEX, OasisDEX, IDEX, Token Store, Bisq, Nxt Asset Exchange, Counterparty DEX, Burst Asset Exchange, OmniDEX, CryptoDerivatives, Coinpit, Fcoin Exchange, Barter DEX, DDEXSwitcheo Network, DEx.top, Ethermium. Right?

Decentralized exchanges do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges normally do not require you to give out personal information either. This makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges spread out across the globe leading to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

US-investors

We have no reason to believe that US-investors would be prohibited from trading at this exchange. Generally speaking, it is more difficult for decentralized exchanges to prohibit residents or citizens in/from certain countries. However, as always, any US-investors interested in trading here should form their own opinion on any issues arising from their citizenship or residency.

Fcoin Exchange Fees

Fcoin Exchange Trading fees

This platform charges a simple 0.10% flat fee as trading fees. This is quite a nice fee, as it is 0.15% lower than the global industry average (arguably around 0.25%).

Fcoin Exchange Withdrawal fees

We have not been able to find information on Fcoin Exchange’s withdrawal fees. This is potentially – but not necessarily – a risk for you as an investor. Accordingly, we strongly urge you to make your own analysis of the withdrawal fees at this exchange before using it.

Deposit Methods

Fcoin Exchange does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Fcoin Exchange received an F-grade in this test. This is far below industry average and not a competitive advantage at all for this trading platform.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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